Vela Technologies (LON:VELA) Trading Down 14.3% – Here’s Why

Vela Technologies PLC (LON:VELA)’s share price dropped 14.3% on Monday . The company traded as low as GBX 0.01 ($0.00) and last traded at GBX 0.01 ($0.00). Approximately 1,738,451 shares were traded during mid-day trading, a decline of 96% from the average daily volume of 44,360,820 shares. The stock had previously closed at GBX 0.01 ($0.00).

Vela Technologies Trading Up 14.3 %

The company’s 50 day simple moving average is GBX 0.01 and its 200-day simple moving average is GBX 0.01. The firm has a market cap of £1.52 million, a P/E ratio of -1.01 and a beta of 0.40. The company has a quick ratio of 45.67, a current ratio of 1.62 and a debt-to-equity ratio of 89.58.

Vela Technologies Company Profile

Vela Technologies PLC is a venture capital firm specializing in investments in early stage. The firm focuses on pre-IPO technology investments and also invests in hi-tech engineering solutions. It invests in small and medium sized companies based in Europe and United Kingdom. The firm seeks for non-controlling stakes in its portfolio companies.